Nebraska Creates Banking Charter For Crypto Services

Law360 (May 27, 2021, 7:17 PM EDT) -- Nebraska state-chartered banks can now offer certain banking services for digital assets after Gov. Pete Rickett signed into law a provision creating a bank charter for companies that hold cryptocurrencies.

Legislative Bill 649, dubbed the Nebraska Financial Innovation Act, defines "digital asset depository institutions" as banks or financial institutions that hold certain digital assets. Under the new law, existing state-chartered banks can establish and operate departments focused on cryptocurrency services, and new businesses can gain a state banking charter as digital asset depositories.

Gov. Rickett signed the bill on Wednesday after it cleared a final vote in the legislature May 20....

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.


  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!

TRY LAW360 FREE FOR SEVEN DAYS

Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!